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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (61520)12/11/2018 10:17:09 AM
From: E_K_S  Read Replies (1) of 78714
 
Amazon has committed to roughly $22 billion in future food purchases as it bulks up Whole Foods (March 2018 article)

Amazon is now on the hook for an additional $22 billion in future purchase obligations following the Whole Foods acquisition, filings show.It's unusual for grocery retailers to agree to specific multi-year purchase obligations.Amazon is showing its commitment to growing its grocery business, accounting experts say

1/3 of UNFI's revenue comes from Whole Foods. The supply agreement runs through 2025.
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